Exfor Eliminates Commission Fees with an Affordable Subscription Model for all FX Traders

Exfor, an ambitious, global trading firm adopting an innovative approach to resolving pressing problems in the Forex, commodities, and Securities market, is now live after opening doors to international clients on October 1.

Product Diversity

As per a recent press release, Exfor said their initial plan is to offer a wide range of trading products from Forex, metals, oil, and stocks to clients spread out across the fast-growing markets in Latin America, the Middle East, Asia, and Africa. These products will be relayed through the easy-to-use and widely adopted MT4 and MT5 terminals.

However, in the coming weeks and months, the team plans to diversify their trading instruments, offering more to clients as they aim to carve out a larger market share and increase the number of quality and highly liquid products. This ambitious expansion is as Exfor plans to become an investment bank in two years.

Diversity is critical for traders, and firms are aware of the importance of offering several products, diverging in complexity, to cater to various users with varying experiences. Considering the fast-paced nature of the Forex and trading markets, Exfor is taking a customer-facing approach to ensure everyone can post trades and profit from volatile markets.

A Subscription Model to empower FX Traders

The broker charges a small fee for every order posted, called a net spread, which is the difference between the bid and ask price. Moreover, there is a small commission on some orders. However, to cater to all classes of traders, the platform is innovating, offering a subscription model and timely distinguishing itself from competitors. This model is designed for traders who would otherwise pay high commissions on certain order types, especially stocks. By introducing this system, traders will have more latitude. This flexibility gives traders the freedom to act and gain financial benefits since they won’t have to pay a commission for every transaction.

More importantly, Exfor is adding more capabilities for traders to post more positions in a transparent environment knowing that fees won’t be saddled, reducing their profitability. Typically, as mentioned above, commission fees can stack to unimaginable levels resulting in traders paying over 10X the fees stock traders pay for the same services.

Exfor has added that they have a robust system and policy that guarantees the security of user funds. In compliance with regulatory requirements, Exfor accounts will be segregated, with clear de-alienation between operations and client funds. In this way, there will be no commingling of funds. Exfor banks with Malayan Banking Berhad, the largest bank in Malaysia.

Partnership and Experience

To dispense their services, Exfor is partnering with market leaders who are established in their respective niches. By focusing its efforts on working with renowned firms whose technical expertise precedes them, Exfor instills confidence in its client base. Exfor has revealed that it is expanding the list of counterparties and actively negotiating with respected representatives in the highly dynamic Forex industry.

Exfor is banking on the wealth of experience possessed by the team, whose members have worked for some of the largest brokerage firms in the world. For example, Ivan Marchena, the Head of Business Development, is a Fintech expert with over ten years in finance and building businesses. He has represented some reputable brokers like PrimeXBT. Another key member, Khaled Alkheder, is a renowned financial consultant with a PhD in International Economics. He has over seven years in the financial markets and has worked extensively with brokerage firms, managing relationships with established institutions in the Middle East and North Africa.

The team, from their experience, is also aware of the advantages of prioritizing their clients and introducing irresistible offers that increase their odds of profitability in the markets. Notably, the subscription model means there is no conflict of interest between the broker and clients.

Source: https://marketbusinessnews.com